Fortum concludes the sale of its district heating business in Joensuu, Finland
FORTUM CORPORATION STOCK EXCHANGE RELEASE 10 JANUARY 2020 AT 14:35 EETRelease category: Other information disclosed according to the rules of the Exchange
Fortum has today concluded the sale of its district heating business in Joensuu, Finland to Savon Voima Oyj, as announced on 20 December 2019.
The total consideration of the sale on a debt- and cash-free basis is approximately EUR 530 million. Fortum will record a tax exempt capital gain of approximately EUR 430 million in the City Solutions segment’s first-quarter 2020 results.
Fortum Corporation
Ingela Ulfves, VP, IR and